Penske Automotive Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $935.4M | $968.9M | $1.11B | $1.38B | $1.19B | $543.6M | $435.8M | $471.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $172.3M | $161.3M | $143.7M | $127.3M | $121.5M | $115.5M | $109.6M | $103.7M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $30.2M | $29.4M | $28.1M | $26.7M | — | — | — | — |
| Net Cash from Operating Activities | $975.1M | $1.23B | $1.15B | $1.46B | $1.29B | $1.20B | $518.3M | $614.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $324.6M | $377.8M | $386.0M | $282.5M | $248.9M | $185.9M | $245.3M | $305.6M |
| Business Acquisitions | $21.5M | $786.2M | $214.9M | $393.4M | $431.8M | $0 | $326.9M | $309.1M |
| Net Cash from Investing Activities | $-175.0M | $-1.05B | $-583.0M | $-641.7M | $-623.1M | $-136.5M | $-532.7M | — |
| Financing Activities | ||||||||
| Dividends Paid | $343.8M | $274.4M | $189.1M | $154.1M | $142.5M | $68.1M | $130.8M | $121.2M |
| Stock Repurchases | $159.1M | $58.7M | $358.7M | $869.3M | $280.6M | $29.4M | $169.2M | $68.9M |
| Net Cash from Financing Activities | $-825.5M | $-201.6M | $-572.4M | $-798.0M | $-615.5M | $-1.05B | $2.6M | — |
| Net Change in Cash | $-18.9M | $-19.0M | $-10.5M | $5.8M | $51.2M | $21.4M | $-11.3M | $-6.3M |
| Free Cash Flow | $650.5M | $852.8M | $759.2M | $1.18B | $1.04B | $1.02B | $273.0M | $308.6M |